MA (Hons) Economics and Business Management

The course

UCAS code
4 years
Delivery type

Economics at Heriot-Watt University's Edinburgh Business School is underpinned by the work of globally active researchers and has the 3rd highest level of student satisfaction in the UK (NSS2019). This joint degree prepares you for a career in business.


Got questions about this programme?

Contact our enquiries team.


The MA in Economics and Business Management requires no prior knowledge of the core subject areas of management or economics. The course offers flexibility, allowing students to tailor their choices to suit their own interests. It provides students with the skills necessary for an understanding of both economic and management situations but which are equally transferable to many other situations.

Heriot-Watt University was ranked as the Number 1 place in Scotland, and 3rd in the United Kingdom, to study Economics in the Guardian University League Tables 2018, behind only Oxford and Cambridge. It also achieved the highest level of overall student satisfaction in Scotland, and 3rd highest in the UK, in the National Student Survey 2019.

Global College pathway for this degree

If you do not meet the entry requirements for this degree, have a look at Heriot-Watt Global College, where you can follow an accelerated pathway which will get you onto the second year of this degree.

Course content

Year 1

Semester 1 

  • Management in a Global Context
  • Introduction to Accounting and Finance
  • Academic Skills
  • Introduction to Marketing

Semester 2 

  • The Economy
  • Becoming a Professional
  • Discovering Business

Year 2

Semester 1

  • Intermediate Economics 1: Theory & Techniques (30 credits)
  • Quantitative Methods 1

Semester 2

  • Intermediate Economics 2
  • Statistical Techniques

Across both semesters

  • One Business Management option
  • Three electives

Optional courses: 

  • Commercial Law 
  • Fundamentals of Marketing 
  • Human Resource Management 
  • Organisational Behaviour 
  • Operations Management 

Year 3

Semester 1

  • Introductory Econometrics
  • Advanced Economics 1

Semester 2

  • Econometrics Project
  • Advanced Economics 2

Across both semesters

  • One Business Management option
  • Three electives

Optional courses: 

  • Strategic Management 
  • Business Venturing 
  • Critical approaches to Management 
  • Innovation Management 
  • Marketing and Consumer Law 
  • Project Management 
  • Business Research Methods 

Year 4

Semester 1

  • Advanced Economic Policy 1

Semester 2

  • Advanced Economic Policy 2

Across both semesters

  • Three Business Management options
  • One Economics option
  • Two options from Accountancy & Finance, Economics or Business Management

Optional courses: 

  • Diversity Management 
  • Digital Marketing 
  • Employment Relations 
  • Global Business Analysis 2: Global Trends and Risks 
  • Management Dissertation 1 
  • Management Dissertation 2 
  • International Law of Human Resource Management 
  • Global Business Analysis 1: International Markets and Strategy 
  • International Entrepreneurship 
  • International Business Law 
  • Leisure Marketing 
  • Changing Trends in Employment
  • Managing Business Performance 
  • Marketing Sustainability 
  • Retail Marketing 
  • Marketing and Management SME's 
  • Team Performance Dynamics 
  • International Trade 
  • Strategy and INformation Economics 
  • Labour Economics 
  • Economics Dissertation 2 
  • Economics Dissertation 1 
  • Development Economics 2 
  • Topics in World Economics History 1
  • Macro Analysis and Policy 
  • A short history of economic thought over 2.500 years 
  • Economics of the European Union
  • Econometric Methods
  • Financial Intermediation 
  • Environmental and Natural Resource Economics 
  • Accounting History 
  • Professional and Critical Theory 
  • Banking 
  • Agency Theory and Corporate Governance 
  • Contemporary Issues in Finance 
  • Accounting and Finance Dissertation 1 
  • Accounting and Finance Dissertation 2 
  • Corporate Reporting 
  • International Accounting 
  • Managerial Accounting: Decision Making 
  • Public Sector Accounting 
  • Risk Management and Derivatives 
  • Equity Markets and Fund Management 

Discover Uni course data

Discover Uni provides data on each university's degree courses across a range of measures including student satisfaction, graduate jobs and salaries.


Work and study

This is what our MA (Hons) Economics and Business Management students are doing 15 months after graduating:

  • 85% are working
  • 5% are studying
  • 5% are working and studying.


  • The average salary of students 15 months after graduating: £30000
  • The average UK salary of students 15 months after graduating from a similar course: £30000

Potential career paths

  • Business, Research and Administrative Professionals
  • Business and public service associate professionals

Entry requirements

Year 1

Standard entry requirements

  • Highers AABB (over two sittings)
  • A-Levels BBC - ABB
  • Int. Baccalaureate 29 points
  • BTEC DDM (Accountancy, Business, Economics, Finance preferred)
  • HNC B in graded unit (Accounting or Business preferred)

Minimum entry requirements*

  • Highers BBBC
  • A-Levels BBC - ABB

* Minimum: under our Fair Access Policy, we will relax our standard entry requirements for some Scottish students depending on their circumstances. Our minimum requirements will apply if you:

  • live in an area within the Scottish Index of Multiple Deprivation lowest 20% (SIMD20), or
  • are care experienced.

We can also make exceptions for some Scottish students with grades above minimum but below standard. Read more about our Minimum and standard entry requirements

Year 2

  • Advanced Highers BB (AAAB at Higher to include Maths or AAAB plus Maths Higher C)
  • A-Levels ABB (at least one of the following preferred: Accounting, Business or Economics and AS Level Maths C)
  • Int. Baccalaureate 34 points (including Maths or Economics at Higher Level 5)
  • HND BB in graded units (Accounting or Business required)
  • Global College Successful completion of our Business with Accelerator Programme

Additional information

English language requirements

  • If English is not your first language, you have to show that your English is good enough to succeed on your course. Please see our English language requirements.


Tuition fees for 2024 entry
Status* Scotland England / Wales / N Ireland / Rep of Ireland International**
Fee Paid by SAAS £9,250 £19,744

* Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees.

** 'International' includes applicants from European Union countries who do not hold Pre-Settled or Settled status in UK. (This does not include students from the Republic of Ireland - see above). Read more about the application process for EU nationals.

Additional costs

You may incur additional costs in the course of your studies at Heriot-Watt over and above tuition fees in an academic year. Depending on your programme of study, these may include: protective equipment, field trips, professional memberships, studio fees, required course texts or other study resources.

Scholarships and bursaries

Featured scholarships

Bursaries for students from England, Northern Ireland or Wales

In addition to government loans and grants towards the costs of fees and living costs, we are offering generous financial support to attract and support eligible undergraduate students from England, Northern Ireland or Wales:

  • Heriot-Watt University Bursary (up to £3,100 per year)
View details about the Heriot-Watt University Bursary

View our full range of undergraduate scholarships.